Saturday, April 17News That Matters

Tag: stock

DoJ may not price Sen. Burr over inventory gross sales

DoJ may not price Sen. Burr over inventory gross sales

Politics
Via Eric Tucker and Mary Clare Jalonick | Related Press WASHINGTON — Sen. Richard Burr stated Tuesday that the Justice Division has informed him it is going to now not prosecute him over inventory gross sales made all through the coronavirus pandemic, finishing an insider buying and selling investigation that led him to a minimum of quickly step with the exception of a formidable committee chairmanship remaining 12 months. Prosecutors had investigated for months whether or not the North Carolina Republican and previous chairman of the Senate Intelligence Committee had exploited advance knowledge when he unloaded up to $1.7 million in shares within the days ahead of the coronavirus led to markets to plummet. “The case is now closed,” Burr stated in a commentary. “I’m satisfied to listen ...